Of course there's only one of those two models that you actually can buy for the next five or six months!

That said I might buy an X100 and, despite being a bit of a Leica fanboy, albeit not one who views the brand through the proverbial rose-tinted, I wouldn't buy an X1 at its current price.

I still might not follow through on the X100 but that will depend totally on how well it is reviewed. Fujinon have a good track record when it comes to building quality lenses (Hasselblad) so I'm hopeful that the lens will be excellent. At $1,000 I'd also expect the camera construction to ooze quality and for the output to do the same. Anything less won't cut it on a fixed focal length APS-C camera IMHO.

I'd probably buy a Leica, because it has the very nice Leica lens, and it's better than the little Panasonic Leica lens thingies. This is Leica's first TRUE Leica compact.

I'd probably spend the extra $500-$1000 so that I can get the Adobe Lightroom software, the high quality Leica lens, plus the satisfaction of owning a Leica. It's a phtog's dream, being the proud owner of a Leica. Even if it's just a Leica compact, these babies are still made in Germany, and aren't re branded Panasonics.

Another thing that I like about the X1 is it's packaging, take a look at the video here and see the box, it's just magnificent!

Also, it would be neat to tell my non-photography friends that I own a $2000 German camera, and my photography friends that I have a Leica compact that isn't just a re branded Panasonic. I know, I'm being a camera snob, but hey. It is a Leica!

I wouldn't be surprised if the Fuji's lens ends up being better or closer than the $1000 difference would suggest. I don't doubt that either camera is very good but they seem more like luxury items. I'd go with the Fuji, on paper, it is better in every way except at being a Leica.

As I mentioned, Fujinon used to make lenses for Hasselblad so they have the expertise. The big question is whether it'll be applied to the X100 and, unfortunately, we'll have to wait until March to find out. And there's no absolute guarantee that the X100 will ever surface though I think it likely that it will. But a bird in the hand is worth more than a better bird that is still to hatch so why not plump for that X1 and give us a user review.

Haha, as I mentioned in the first post, I'm not interested in purchasing either, just looking at them. With my current financial status and out plummeting economy, it's not currently economically viable (AKA, It's too expensive! )

But, sometime in the future, I've promised myself that I WILL buy a Leica, rangefinder or compact, as long as it's not a re branded Panasonic!

The X1 is a very sexy camera, and it's capable of making stunning images (for those with a iPad, download the LFI app to see pics from every current Leica camera, and read the current LFI magazine). But the price is to high, and the AF is not that good (according to some reviews).
When Fuji presented the X100, I knew I wanted one. The only thing that could spoil it, is a horrible image quality. But since Fuji is placing the X100 in there pro-segment, i have high hopes for it.
Fuji has shown with the X100, that they are still capable of making a digital camera. That also looks back a lessons learned in the past.
How many cameras (non (D)SLR) are out there with a decent viewfinder ? While a lot of people are screaming for a camera with one. But all we see is the same boring and not working digital design, in which you are forced to use the display.
For a compact to take snap-shots I can understand this design. I use a canon S95 myself. But for a more pro camera, I want a viewfinder.
Hopefully will the release of the X100 start a new trend, for quality digital cameras with a good viewfinder.